Reports are NPB has agreed to a deal with the MLB that the max bid will be $20 million. The player would be free to sign with any team with the highest bid.

Well that sucks. At least in the previous system there was a shot that a team like the Jays could submit the highest bid have sole negotiating rights. Now, for the best players, multiple teams will submit max bids and the player will generally choose the bigger market teams to sign a deal with.